NEXTERA ENERGY REACHES DEFINITIVE AGREEMENT TO ACQUIRE GULF POWER, FLORIDA CITY GAS AND ADDITIONAL ASSETS FROM SOUTHERN COMPANY

JUNO BEACH, Fla., May 21, 2018 /PRNewswire/ — NextEra Energy, Inc. (NYSE: NEE) today announced it has entered into definitive agreements with Southern Company (NYSE: SO) to acquire Gulf Power, Florida City Gas and its ownership interests in the Oleander and Stanton natural-gas generating plants located in Florida in transactions valued at approximately $6.475 billion, including the assumption of approximately $1.4 billion of Gulf Power debt. The companies are expected to benefit from NextEra Energy’s industry-leading operating capabilities, with an intense focus on continuous improvement and a culture of innovation.

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ENTREPRENEURS MAY BE HEADING TO FLORIDA FOR BETTER TAX BREAKS

Entrepreneurs are always looking for tax breaks, and for good reason. Although it’s a dream come true, working for yourself (especially in today’s gig economy) is expensive. Entrepreneurs in the US who are self-employed – meaning, they don’t have a job with a W2 – are required to pay both income tax and self-employment tax to the Federal government. Most states require residents to pay state income tax as well.

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